Quad Cities Investment Group LLC increased its holdings in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 2.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,263 shares of the software giant’s stock after purchasing an additional 300 shares during the period. Microsoft accounts for 2.5% of Quad Cities Investment Group LLC’s investment portfolio, making the stock its 8th largest holding. Quad Cities Investment Group LLC’s holdings in Microsoft were worth $5,602,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Vanguard Capital Wealth Advisors raised its position in Microsoft by 11.4% during the 2nd quarter. Vanguard Capital Wealth Advisors now owns 3,327 shares of the software giant’s stock worth $1,655,000 after buying an additional 340 shares during the last quarter. Petredis Investment Advisors LLC raised its position in Microsoft by 0.9% during the 2nd quarter. Petredis Investment Advisors LLC now owns 126,449 shares of the software giant’s stock worth $62,897,000 after buying an additional 1,077 shares during the last quarter. Annex Advisory Services LLC raised its position in Microsoft by 7.1% during the 2nd quarter. Annex Advisory Services LLC now owns 116,541 shares of the software giant’s stock worth $57,969,000 after buying an additional 7,770 shares during the last quarter. Walter Public Investments Inc. raised its position in Microsoft by 38.4% during the 2nd quarter. Walter Public Investments Inc. now owns 74,132 shares of the software giant’s stock worth $36,874,000 after buying an additional 20,559 shares during the last quarter. Finally, Bond & Devick Financial Network Inc. raised its position in Microsoft by 18.1% during the 2nd quarter. Bond & Devick Financial Network Inc. now owns 14,863 shares of the software giant’s stock worth $7,393,000 after buying an additional 2,275 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.
Microsoft Stock Performance
NASDAQ:MSFT opened at $517.95 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $512.38 and a two-hundred day moving average price of $464.45. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $555.45. The company has a market capitalization of $3.85 trillion, a P/E ratio of 37.97, a price-to-earnings-growth ratio of 2.24 and a beta of 1.04.
Microsoft Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Investors of record on Thursday, November 20th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.7%. This is an increase from Microsoft’s previous quarterly dividend of $0.83. The ex-dividend date is Thursday, November 20th. Microsoft’s dividend payout ratio (DPR) is 24.34%.
Insider Buying and Selling
In related news, EVP Takeshi Numoto sold 4,850 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the sale, the executive vice president owned 39,111 shares in the company, valued at approximately $20,624,012.52. This trade represents a 11.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 149,205 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $504.78, for a total transaction of $75,315,699.90. Following the sale, the chief executive officer owned 790,852 shares in the company, valued at approximately $399,206,272.56. This trade represents a 15.87% decrease in their position. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on MSFT shares. Cantor Fitzgerald upped their price objective on shares of Microsoft from $581.00 to $639.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Bank of America upped their price objective on shares of Microsoft from $585.00 to $640.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Piper Sandler increased their price target on shares of Microsoft from $600.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. UBS Group reiterated a “buy” rating and issued a $650.00 price target (up previously from $600.00) on shares of Microsoft in a report on Thursday, July 31st. Finally, Wall Street Zen downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Saturday, September 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $614.45.
Check Out Our Latest Stock Analysis on Microsoft
Microsoft Profile
Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.
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